echemi logo
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 10 London Copper Afternoon Review

    June 10 London Copper Afternoon Review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit

    On Friday
    , the overall performance of London copper fell back to a higher level.
    During the morning Asian session, London copper opened at 5850 US dollars / ton, and then began to perform continuously after a slight test of 5867.
    5 US dollars / ton, although the period due to the straight decline of the US dollar stimulated Lun copper rapid short-term rebound, but affected by the short market, the overall downward trend of copper prices did not change, the evening US market session tested 5740 yuan / ton, but the center of gravity at the end of the session hovered at the 5800 US dollars / ton mark, closing at 5792.
    5 US dollars / ton, down 0.
    8% during the day, with a volume of 15646 lots, Holdings increased by 1,197 lots to 305,000

    London copper

    Last Friday, the domestic market
    was closed due to the Dragon Boat Festival.
    Gold performed higher on Friday due to the record low of the US non-farm payrolls data, the market's preference for the US dollar weakened, gold performance increased, despite this, copper prices are still dragged down by the slowdown in the global economy and weak copper consumption, market confidence is low, bears take advantage of the high entry, it is worth paying attention to the $5800 / ton mark near more stop loss

    Today, we are concerned about the upcoming trade import and export data and social finance data released by China, and the expected performance is not optimistic
    And due to the gradual weakening of consumption in the domestic market and sufficient supply, it is difficult to provide support for prices
    Due to the impact of risk aversion in the spot market, premiums are expected to remain high, and market transactions will be suppressed
    It is expected that today's London copper 5780-5830 US dollars / ton, Shanghai copper 46000-46500 yuan / ton, spot premium 120-liter 180 yuan / ton

    This article is an English version of an article which is originally in the Chinese language on and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to with relevant evidence.